zamoca

Zamolxis, Dacians and Romania

China is on a charm offensive in Eastern Europe, an attempt to secure business ties in a region where the European Union and Russia are increasingly jostling for influence. Chinese Prime Minister Li Keqiang, trailed by a cohort of 300 corporate executives, met the leaders of 16 countries in Bucharest, Romania, on Tuesday. Analysts say the Asian economic power is interested in energy and raw materials to fuel its economy and in cheap labor at a time when wages are rising at home. Coupled with a strengthening national currency, China’s growing labor costs risk crimping its exports, its traditional economic strength. (via BUCHAREST, Romania: China looking for new markets in Eastern Europe | Business | The Sun Herald)
Li reiterated China’s offer of a $10 billion credit line for countries in Eastern Europe, a pledge first made last year in Poland and received with some skepticism by analysts, who say the real impact will be in trade and investment over the longer-term.
So far, trade volumes between China and the region are modest, but growing. Poland, the Czech Republic, Hungary and Romania together imported goods from China totaling 31 billion euros ($42 billion) in 2012, while their exports to China last year reached just 4.5 billion euros ($6 billion). In the first eight months of 2013, Hungary’s exports grew almost 14 percent.
China’s relations with the region were generally strong during the communist era. And apart from the occasional rows over meetings with the Dalai Lama and crackdowns on Chinese immigrants, Eastern European countries are less critical of China’s human rights record. Both tend to prioritize economic pragmatism.
At the summit, China announced a string of preliminary business deals. It said it intended to invest in nuclear and wind energy in Romania and resume imports of beef and pork. It will also help refurbish railway lines between the capitals of Hungary and Serbia, hopefully cutting travel time between Budapest and Belgrade from around eight hours to less than three. Last year, China’s Great Wall Motors inaugurated a factory in Bulgaria, becoming the first Chinese automaker to assemble cars in the EU, while China’s Changhong consumer electronics company produces around 1 million LCD televisions a year in the Czech Republic.

China is on a charm offensive in Eastern Europe, an attempt to secure business ties in a region where the European Union and Russia are increasingly jostling for influence. Chinese Prime Minister Li Keqiang, trailed by a cohort of 300 corporate executives, met the leaders of 16 countries in Bucharest, Romania, on Tuesday. Analysts say the Asian economic power is interested in energy and raw materials to fuel its economy and in cheap labor at a time when wages are rising at home. Coupled with a strengthening national currency, China’s growing labor costs risk crimping its exports, its traditional economic strength. (via BUCHAREST, Romania: China looking for new markets in Eastern Europe | Business | The Sun Herald)

  • Li reiterated China’s offer of a $10 billion credit line for countries in Eastern Europe, a pledge first made last year in Poland and received with some skepticism by analysts, who say the real impact will be in trade and investment over the longer-term.
  • So far, trade volumes between China and the region are modest, but growing. Poland, the Czech Republic, Hungary and Romania together imported goods from China totaling 31 billion euros ($42 billion) in 2012, while their exports to China last year reached just 4.5 billion euros ($6 billion). In the first eight months of 2013, Hungary’s exports grew almost 14 percent.
  • China’s relations with the region were generally strong during the communist era. And apart from the occasional rows over meetings with the Dalai Lama and crackdowns on Chinese immigrants, Eastern European countries are less critical of China’s human rights record. Both tend to prioritize economic pragmatism.
  • At the summit, China announced a string of preliminary business deals. It said it intended to invest in nuclear and wind energy in Romania and resume imports of beef and pork. It will also help refurbish railway lines between the capitals of Hungary and Serbia, hopefully cutting travel time between Budapest and Belgrade from around eight hours to less than three. Last year, China’s Great Wall Motors inaugurated a factory in Bulgaria, becoming the first Chinese automaker to assemble cars in the EU, while China’s Changhong consumer electronics company produces around 1 million LCD televisions a year in the Czech Republic.
  1. ernobius reblogged this from felebarat
  2. felebarat reblogged this from zamoca and added:
    Románia Kína európai hídfője szeretne lenni. Mintha erre a szerepre Magyaroszág is gyúrt volna.
  3. trandafircarpatian reblogged this from zamoca
  4. zamoca posted this